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Finance Initiative (finance + initiative)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Kinds of Finance Initiative

  • private finance initiative
    		•

    Selected Abstracts

    THE PRIVATE FINANCE INITIATIVE (PFI) IN SCHOOLS: THE EXPERIENCES OF USERS

    FINANCIAL ACCOUNTABILITY & MANAGEMENT, Issue 4 2006
    Suhaiza Ismail
    First page of article [source]

    THE PRIVATE FINANCING OF NHS HOSPITALS: POLITICS, POLICY AND PRACTICE

    ECONOMIC AFFAIRS, Issue 1 2009
    Mark Hellowell
    This article outlines and critiques the main fiscal and economic rationales for the Private Finance Initiative and examines the impact of the policy on the long-term financial viability of NHS trusts. It concludes that the PFI funding of capital investment is highly problematic. Its high costs can have a negative impact on the finances of health systems. [source]

    Appraising and Evaluating PFI for NHS Hospitals

    FINANCIAL ACCOUNTABILITY & MANAGEMENT, Issue 3 2001
    Julie Froud
    This paper explores the use of appraisal in the development of proposals to use private finance to provide acute hospitals under the Private Finance Initiative (PFI). It addresses the extent to which value for money (VFM) and affordability (which must be satisfied to enable a scheme to be approved) are demonstrated in the documents prepared by hospital Trusts. It identifies a number of issues (such as the transfer of risk and the development of public sector comparators) that pose new problems for investment appraisal, which are specific to its application to PFI. [source]

    Do PPPs in Social Infrastructure Enhance the Public Interest?

    AUSTRALIAN JOURNAL OF PUBLIC ADMINISTRATION, Issue 2010
    Evidence from England's National Health Service
    This article outlines and critiques the main fiscal and economic rationales for the Private Finance Initiative , by far the dominant form of public-private partnership in the United Kingdom (UK) , and examines the impact of the policy on the long term financial viability of the National Health Service. It shows that the interest rate on private finance contains a significant element of ,excess return' to investors, and there is no evidence that this ,excess cost' to the public sector is offset by greater efficiency through the contracting process. It concludes that the private financing of public capital investment is highly problematic , and can have a serious impact on the finances and capacity of public authorities. [source]

    PPPs in Health: Static or Dynamic?

    AUSTRALIAN JOURNAL OF PUBLIC ADMINISTRATION, Issue 2010
    Anneloes Blanken
    Public-Private Partnerships (PPPs), or in the Private Finance Initiative (PFI) form throughout the Anglo-Saxon world, are gaining in popularity for the provision of hospitals. Increasingly common around the world and seen as a potential solution that will both overcome the bottlenecks associated with more conventional approaches to hospital provision and generate ,value for money'(VfM), these PFI-PPPs represent a major, but so far under-evaluated, concept. This article analyses whether public-private partnerships do deliver the benefits claimed. It endeavors to assess the potential of hospital PFI-PPPs, and their empirical performance on achieving VfM, through addressing the way the contractual arrangements are structured and the extent of flexibility they generate. Initial lessons arising from the current provisioning of English and Australian hospital facilities by PFI-PPPs are identified so they can be taken into consideration in future projects. [source]

    PPPs: Nature, Development And Unanswered Questions

    AUSTRALIAN ACCOUNTING REVIEW, Issue 33 2004
    Jane Broadbent
    Public-private partnerships (PPPs) are the newest and latest "new public management" development for the public services. PPPs are becoming a worldwide development, although the origins can be traced to the United Kingdom's private finance initiative (PFI), which remains the most advanced and developed form of PPP. This paper explores the development of PPPs, concentrating first on the PFI and then tracing the increasing presence of PPPs in Europe, the Americas and Australasia. [source]

    Public-Private Partnerships: Governance Scheme or Language Game?

    AUSTRALIAN JOURNAL OF PUBLIC ADMINISTRATION, Issue 2010
    Graeme Hodge
    Accepting that there is much confusion in current debates about the use of public-private partnerships for public infrastructure projects, the article begins by considering the emergence of the ,PPP phenomenon' as a ,governance scheme' and as a ,language game'. The existence of several types of so-called PPPs, and motives for them, is noted, as are criticism of loose assumptions about them in the debates. The argument then focuses on private finance initiative (PFI) schemes as one branch of cross-sectoral mixing arrangements, and examines the benefits and costs of using this mechanism. The conclusion is a pessimistic one: in the PFI arrangement, the potential for the interests of the advocating government and the business partners to dominate over the public interest has been palpable. There is an urgent need to explore further the merit of these infrastructure ,partnerships' to ensure that they do advance the public interest. [source]